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Earnings Per Share
 6 Months Ended
Dec. 31, 2014
Earnings Per Share
(5) Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of shares of the Company’s common stock outstanding. Diluted earnings per share is computed based on the weighted-average number of shares of the Company’s common stock, including the dilutive effect of common stock equivalents outstanding.

The following is a reconciliation of the denominators of the basic and diluted earnings per share computations:

 

     Three months ended      Six months ended  
     December 31,      December 31,  
(In thousands)    2014      2013      2014      2013  

Denominator:

            

Weighted-average shares outstanding used to compute basic earnings per share

      72,467         75,070         72,615         77,323   

Effect of dilutive common stock equivalents

      2,934         1,755         3,140         1,989   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average shares outstanding and dilutive securities used to compute dilutive earnings per share

   75,401      76,825      75,755      79,312   
  

 

 

     

 

 

     

 

 

     

 

 

  

Certain outstanding stock options and RSUs were excluded from the computation of diluted earnings per share for the three and six months ended December 31, 2014 and 2013 because the effect would have been anti-dilutive. These potential dilutive common shares, which may be dilutive to future diluted earnings per share, are as follows:

 

     Three months ended      Six months ended  
     December 31,      December 31,  
(In thousands)    2014      2013      2014      2013  

Anti-dilutive options and RSUs excluded from EPS computation

      844         8,500         39         7,136